{"id":17444,"date":"2021-03-01T15:15:00","date_gmt":"2021-03-01T23:15:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=17444"},"modified":"2021-02-20T07:18:07","modified_gmt":"2021-02-20T15:18:07","slug":"investing-in-real-estate-do-your-research-be-patient","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2021\/03\/investing-in-real-estate-do-your-research-be-patient\/","title":{"rendered":"Investing in Real Estate, Do Your Research &#038; Be Patient"},"content":{"rendered":"<p style=\"text-align: justify;\">Real estate investing has almost gone by the wayside in this unique pandemic era. Real estate has exploded in the last year and investors may find themselves scrambling to buy. On the other end of the scale, a lot are choosing to offload their rental properties based on increased home values and what they could potentially get out of them. However, if you thought about investing in real estate and just haven\u2019t pulled the trigger, your dreams don\u2019t have to be dashed in 2021. There are still ways to invest in real estate but the details are getting more tedious in the process getting a little bit harder. From real estate experts across the country, here are eight things you should know before investing in real estate in 2021.<\/p>\n<p style=\"text-align: justify;\">1. How can you profit from a real estate investment?<br \/>\n\u201cCash flow is an important factor when it comes to selecting the right real estate to invest in. There\u2019s clear benefits to owning real estate that can influence the properties that you choose. You\u2019ll need to weigh the amount of profit that you learn after fixing up the property and flipping it or renting it out and earning monthly cash flow investments. You also need to weigh the annual income against the properties inherent decreasing value to determine how much you owe in taxes. Remember that there are a lot of costs involved in simply owning property, more than just the mortgage payment. Property taxes, insurance, property management fees potentially, and maintenance all need to be factored into whether or not this property is going to make money.\u201d \u2013 Luis Pezzini, Luxury Leasing in Hollywood Hills<\/p>\n<p style=\"text-align: justify;\">2. Understanding the mortgage payment.<br \/>\n\u201cIt\u2019s also important to understand the type of mortgages available to investors. Most investors must have at least 20% down payment to qualify for an investor mortgage if you\u2019re not planning on living in the home for two years or more. However, this could be a workaround. If you choose to buy the home, live in it for two years, and then turn around and rented, not only can you get a better mortgage rate and deal, but you might wait out the unique real estate market that we\u2019re dealing with right now and actually come out better in two years.\u201d \u2013 Property in Santa Cruz<\/p>\n<p style=\"text-align: justify;\">3. Property management?<br \/>\n\u201cAre you going to be the landlord? This is a big question that you\u2019ll need to consider with real estate investing if you\u2019re planning on renting the property out. As a landlord, you may need to be available 24 hours a day to assess certain problems as they arise. However, if it works into your profit, you may consider hiring a property manager to handle day-to-day business operations, especially if you live out of the area. You\u2019ll need to include this in your profit and loss statements to evaluate if it makes sense.\u201d Park City Realtors Noble LaCouture<\/p>\n<p style=\"text-align: justify;\">4. Investing is a marathon.<br \/>\n\u201cSimilar to stocks and bonds, real estate investing is a marathon. It typically won\u2019t turn a profit initially but over the years as the mortgage gets paid off, you\u2019ll have a positive cash flow that can generate monthly income. You may even want to buy more property for rental income as you go but it does need to be a long-term viewpoint on the investment.\u201d Sherman Oaks Realtor\u00ae, Sara Mehrpouyan<\/p>\n<p style=\"text-align: justify;\">5. Diversify.<br \/>\n\u201cConsider how much you\u2019re likely to make each month. Income from investment properties can be anywhere from 6% to 8% per year. But it\u2019s also a way of diversifying your income from stocks and bonds. If equity markets go into a correction or downturn, your rental income could be unaffected. However, landlords can be affected by changes in the housing market or overall economy. Since were not in a recession, buying now may or may not be the best option since home values are high, but, interest rates are low so it all depends on the type of home, where you buy and if it makes sense financially.\u201d Alex King, Fort Myers Realtor\u00ae<\/p>\n<p style=\"text-align: justify;\">6. Have a lawyer on standby.<br \/>\n\u201cIf you\u2019re planning on jumping into the real estate market having a real estate attorney on speed dial might be ideal. They can help you sort out some of the legal jargon that you may have to deal with and answer questions or write up contracts that protect you. It definitely pays to have a real estate attorney in your back pocket.\u201d \u2013 Summit NJ Homes for Sale, Miggins Real Estate<\/p>\n<p style=\"text-align: justify;\">7. Play the long game.<br \/>\n\u201cIf you\u2019re interested in real estate and you just started thinking about it this week, don\u2019t expect to find the perfect property next week. This is the long game and you should plan out at least a year at a time. Get some books, watch videos on YouTube about investing, and don\u2019t be scammed by people that can say they do it all for you. If you\u2019re in it for the long haul, it will pay off.\u201d John Kinnunen, Clearwater Beach Condo Expert<\/p>\n<p style=\"text-align: justify;\">8. Consider commercial investments.<br \/>\n\u201cBuying a commercial property is another great way to earn investment income. You don\u2019t always have to buy a single-family home or multifamily property to gain investment income. Strip malls, office buildings, and complexes can offer a great rate of return but it\u2019s important to have a real estate agent that understands commercial leases, rentals, and ownership situations.\u201d Tampa Bay Tenant Rep<\/p>\n<p style=\"text-align: justify;\">The biggest takeaway is to do your research and be patient. The perfect property may not drop in your lap immediately but with some perseverance, research, and the right team backing you, you can set yourself up for investment success.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/realtybiznews.com\/know-before-investing-real-estate\/98761520\/\" target=\"_blank\" rel=\"noopener\">8 Things You Should Know Before Investing in Real Estate<\/a> by Tammy Emineth | Realty Biz News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Real estate investing has almost gone by the wayside in this unique pandemic era. Real estate has exploded in the last year and investors may find themselves scrambling to buy. &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2021\/03\/investing-in-real-estate-do-your-research-be-patient\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-17444","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Investing in Real Estate, Do Your Research &amp; Be Patient &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2021\/03\/investing-in-real-estate-do-your-research-be-patient\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Investing in Real Estate, Do Your Research &amp; Be Patient &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Real estate investing has almost gone by the wayside in this unique pandemic era. 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